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Dec 10, 2012
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so a hodgepodge of things and mostly focused on the taxes, 60%. the president has that number to use in addition to what we learned after the exit polling election night and the results of the election. >> and so, i think it's a foregone conclusion that tax rates for the wealthiest of americans are going up and as a pra practical matter, i don't understand why the gop doesn't agree to that sooner rather than later and the onus on the white house to give something relative to spending cuts and entitlement reforms. i think people want compromise and a bigger deal than just taxes going up for those 2% and doesn't get us where we need to go. >> david, let's play what alan simpson had to say regarding the growth. that's the overall end game here. growing the economy and not let lawmakers and such to posture before us. let's play it. >> not a single economist who talked to us in our hearings said we can't grow our way out of this with double digit growth for 20 years. you can't cut spending your way out of this baby or you ruin a very fragile economy an
so a hodgepodge of things and mostly focused on the taxes, 60%. the president has that number to use in addition to what we learned after the exit polling election night and the results of the election. >> and so, i think it's a foregone conclusion that tax rates for the wealthiest of americans are going up and as a pra practical matter, i don't understand why the gop doesn't agree to that sooner rather than later and the onus on the white house to give something relative to spending cuts...
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Dec 10, 2012
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it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there's no easy way out of this debt problem. >> not a single economist who talked to us in our hearings said we can't grow our way out of this thing if we had double digit growth for 20 years, you can't cut spending out of this. and you can't tax your way out of this baby. this is impossible. >> earlier today i spoke to the other co-author of the simpson-bowles plan, former white house chief of staffer,
it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise...
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Dec 6, 2012
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they're going to raise tax rates. then you say that to boehner's office. no, no. that's not true. >> right. meanwhile the american people are rolling their eyes and not paying attention to any of this. >> look, the stock market has been -- it's been a little troubling for the last three weeks or so. but absolutely. this is like total washington style political posturing. in the end will they get a deal? absolutely. they always get a deal. >> but the question is, is it a small deal or a big deal? >> well sure. >> and that is where i'm a pessimist on i think the smallest possible -- >> yeah. temporary. >> small as possible. >> they'll tackle it next year. >> because there is so much left on the table. we have the debt ceiling, one area where republicans really do have their leverage, you know, that is coming up, too. it's got to be a small deal. >> what is the debt ceiling leverage? i say it this way. okay. you've got leverage but if you use it, the entire -- the popularity rating of the party is going to tank. >> i was
they're going to raise tax rates. then you say that to boehner's office. no, no. that's not true. >> right. meanwhile the american people are rolling their eyes and not paying attention to any of this. >> look, the stock market has been -- it's been a little troubling for the last three weeks or so. but absolutely. this is like total washington style political posturing. in the end will they get a deal? absolutely. they always get a deal. >> but the question is, is it a small...
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Dec 4, 2012
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everybody's taxes go up. sequestration takes place, cut a tree in two in spending and he'll come back and cut taxes for some people and try and claim himself to be the hero. if you do that you're going to have negative gdp for the next quarters of next year and return to recessionary times. >> so nothing can get ton, though, the house could pass that -- could simply pass the making the middle class tax rates permanent? >> they could. the only way to avert things? >> i'm not in favor of patchwork solutions to a macro problem. whether it's capping deductions or raising rates, entitlements are an issue and we got the deal with entitlements, two-thirds of all federal spending and discretionary spending is part of the problem. all three have to be addressed in a macro plan or you're not going to solve the problem. >> i want to ask you a quick question on susan rice. do you believe the benghazi incident disqualifies her to be secretary of state? >> it will prevent her being confirmed until the white house comes for
everybody's taxes go up. sequestration takes place, cut a tree in two in spending and he'll come back and cut taxes for some people and try and claim himself to be the hero. if you do that you're going to have negative gdp for the next quarters of next year and return to recessionary times. >> so nothing can get ton, though, the house could pass that -- could simply pass the making the middle class tax rates permanent? >> they could. the only way to avert things? >> i'm not in...
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Dec 3, 2012
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middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank you for your time. we'll see what happens next. thank you, sir. >>> we could soon learn who the president wants to be the next secretary of state. chuck todd says a decision could come this week, but as we get closer to a decision, the partisan divide over the potential nomination of susan rice, considered the front-runner, seems to be intensifying. >> when it comes to susan rice as far as lindsey graham is concerned i find great fault with what she said on 16th of september. in other areas i find her lacking when it comes to being t
middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank...
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Dec 6, 2012
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tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in meetings and there was acknowledgement by both sides and that's why you had a letter of 40 republicans and 16 democrats that had revenue and entitlement reform in the letter six months ago. i think it's there. >> dave, let me ask you, quickly, let's say there's a deal. is it possible for a political win to come out of a deal for republicans? >> listen if we get to the successful conclusion that's moving things forward the country wants this resolved, right? being able to get to that resolution as a reflection then that you successfully governed
tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in...
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Dec 3, 2012
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just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't really see them doing that. >> thank you very much. mr. president. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are
just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't...
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Dec 4, 2012
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now they've morphed raising taxes to tax cuts for the rich. he's playing out of a 1995 playbook and, yes, they won the election using a class warfare argument and god bless them. they're not going to win reelection. because he's not running again. when's he going to realize that? >> just a matter of -- >> and by the way, jon, i'm sorry, he's not running for reelection again, the 225 or 35 republicans are running for reelection. and i would tell every one, if he doesn't come to you with a deal, do not vote to raise taxes a cent. don't do it. don't do it. you'll get beaten and washington will spend that money and they won't cut again and the deficit will be $18 trillion a couple of years from now. okay. now go ahead. >> why the conversation to some extent isn't about phrases like disciplined investment. mark's exactly right. it's all about, we're going to make the rich pay. and the fair share gets close to that. but it's always about what we're going to raise. the first part of the conversation is taxes going up. and i think people are willing t
now they've morphed raising taxes to tax cuts for the rich. he's playing out of a 1995 playbook and, yes, they won the election using a class warfare argument and god bless them. they're not going to win reelection. because he's not running again. when's he going to realize that? >> just a matter of -- >> and by the way, jon, i'm sorry, he's not running for reelection again, the 225 or 35 republicans are running for reelection. and i would tell every one, if he doesn't come to you...
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Dec 3, 2012
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it's not increasing taxes on the wealthy, it's just blanketly you increase taxes. so you've got all this noise going on. and boehner's got to try to figure out a way to give these guys some cover but know he's got to cut the deal. to your point, leigh, about how do you begin to pull it from the big plan to a smaller plan, that's really what the white house and boehner quietly are talking about. >> and what we don't want also is i think a kind of down payment deal that sort of makes it a two-part deal that just delays everything. >> i think you're going to get some of that. i think you'll probably get the big deal for the middle class. okay, we're going to take that off the table. and graham and others have said that. we know we're not going to raise taxes on the middle class. let's let the bush tax cuts stay in place for the middle class. and then it becomes a little bit more of an interesting conversation when you're only dealing with a smaller percentage of the plan as opposed to the big piece right now. >> so how does he -- how does john boehner save face? you t
it's not increasing taxes on the wealthy, it's just blanketly you increase taxes. so you've got all this noise going on. and boehner's got to try to figure out a way to give these guys some cover but know he's got to cut the deal. to your point, leigh, about how do you begin to pull it from the big plan to a smaller plan, that's really what the white house and boehner quietly are talking about. >> and what we don't want also is i think a kind of down payment deal that sort of makes it a...
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Dec 6, 2012
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tax the rich. tax the rich. we tax the rich. everything will be fine. if we don't tax the ruch, locusts will descend from the heavens. that's all they do. that's all they've been doing for ten years. after 9/11 we should have had sacrific sacrifice, but bush cut taxes on the rich. everything is about bush tax cuts. >> my favorite montage that we put together one time was during both the '04 presidential democratic primaries and the '08 democratic primaries, every single presidential candidate, at one point, from hillary clinton to barack obama, from john kerry to john edwards, all of them, they all played for their plan with this simple phrase, "rolling back the bush tax cuts." they've been doing it for eight years. so politically, that's why the president has to draw that line in the sand. >> he draws that line in the sand, but harold ford, what happens when republicans, at least a small number of them, go ahead and raise taxes on the top 2% and then turn to the white house and say, okay. now we'll move. and then they have to talk about how they're goi
tax the rich. tax the rich. we tax the rich. everything will be fine. if we don't tax the ruch, locusts will descend from the heavens. that's all they do. that's all they've been doing for ten years. after 9/11 we should have had sacrific sacrifice, but bush cut taxes on the rich. everything is about bush tax cuts. >> my favorite montage that we put together one time was during both the '04 presidential democratic primaries and the '08 democratic primaries, every single presidential...
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Dec 7, 2012
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-- not touch this middle class tax bill. that worst case scenario they could come up with and i think kimberly wrote an op-ed about how the republicans could actually say, hey, he won't deal with us, fine, we'll give him the middle class tax rates and that's it. but you could see we now it's a debate, will it be a small deal like the one we described or the big deal? >> what do you think about boehner and the president both agreeing 0 to get together one-on-one? >> it's about time. you needed the two weeks, i think. you hate to say it. you had to kill some time. you had to let the posturing happen. that's what washington feeds on. fair enough, it's just what they do. >> does this mean that john boehner has the confidence of the republican caucus, that he can go into a negotiating room with the president and not worry about getting, you know, having to pull 12 knifes out of his back after he comes back with a proposal? >> i think the whole thing of political posturing is a big issue n. talking with him and others, there hasn'
-- not touch this middle class tax bill. that worst case scenario they could come up with and i think kimberly wrote an op-ed about how the republicans could actually say, hey, he won't deal with us, fine, we'll give him the middle class tax rates and that's it. but you could see we now it's a debate, will it be a small deal like the one we described or the big deal? >> what do you think about boehner and the president both agreeing 0 to get together one-on-one? >> it's about time....